Independent real estate agency secures its second buyout in just four months. – TNT

Henry Adams has further expanded its lettings division following the acquisition of a second lettings agency in four months.

The independent estate agency group, which operates across West Sussex, Hampshire and Surrey, has announced the purchase of Selsey Properties Lettings, which comes four months after the company acquired Charles Peck Lettings.

This latest addition, as part of a wider growth strategy, has taken the Henry Adams managed portfolio to more than 3,000 properties, strengthening the group’s position as one of the main residential lettings specialists in the region.

“We’re delighted to welcome landlord clients and staff from Charles Peck and Selsey Properties into the Henry Adams family,” said Ian Wiggett, CEO of Henry Adams. “Our strategy for sustainable growth is firmly rooted in delivering great service to all our customers so we’re proud to see our lettings portfolio growing significantly.

“We’re still open to further acquisition opportunities, so any estate agency owners thinking of selling are welcome to get in touch. I appreciate this can be a sensitive issue, so calls can be made in complete confidence and I’m open to exploring different structures to make the deals work well for everyone involved.”

This approach is endorsed by Gail Isted, co-owner of Selsey Properties Lettings, who said, “We have found the whole transaction with Henry Adams seamless and the day-to-day communication has been fantastic. Once we started the acquisition process, we knew straightaway that the fit was 100% right. From how they dealt with us, we could see that our clients would be in safe hands.”

Gareth Overton, head of residential sales, added: “It’s been a rollercoaster of a year but I am hugely proud of my team. The residential business at Henry Adams has delivered a record-breaking performance on income, a stunning uplift on last year’s results with net sales up 35% and exchanged income up 45%. Four of our offices have also broken individual records on income – incredible achievements thanks to their diligence and hard work.”